The Kansas Board of Regents (KBOR) has established an IRC 403(b) voluntary retirement savings plan (the “Voluntary Plan”). Through this plan, pre-tax and/or after-tax employee contributions are made through payroll deduction to qualifying accounts. The University does not contribute to this plan. Immediately upon employment, any employee in a benefits-eligible position at Kansas State University is eligible to contribute to a voluntary 403(b) retirement savings account as long as that person has not already made the maximum annual contribution to this plan either at the University or through contributions with any other employer.